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Development Economics

Class at Faculty of Social Sciences |
JCM040

Syllabus

Week 1: Introduction  

-          Banerjee, Abhijit, and Esther Duflo. 2007: The Economic Lives of the Poor, Journal of Economic Perspectives 21(1): 141-168 *

-          Banerjee, Abhijit, and Esther Duflo. 2008: What is Middle Class about the Middle Classes around the World?, Journal of Economic Perspectives 22 (2): 3-28

-          Mankiw, N. Gregory, David Romer, and David N. Weil. 1992: A Contribution to the Empirics of Economic Growth, Quarterly Journal of Economics 107 (2): 407-437*

-          Dollar, David, Tatjana Kleineberg, and Art Kraay. 2016: Growth still is good for the Poor, European Economic Review 81: 68-85

-          Ravallion, Martin. 2005: Inequality is Bad for the Poor, World Bank Policy Research Working Paper 3677

-          Caselli, Francesco. 2005: Accounting for Cross-Country Income Differences, Chapter 9 in Handbook of Economic Growth Vol. 1, Part A: 679-741

-          Caselli, Francesco. 2016: Accounting for Cross-Country Income Differences: Ten Years Later, World Development Report Background Paper, Governance and the Law

-          Jayachandran, Seema. 2021: How Economic Development Influences the Environment, NBER Working Paper 29191

-          Miguel, Edward, and Ahmed Mushfiq Mobarak. 2021: The Economics of the COVID-19 Pandemic in Poor Countries, NBER Working Paper 29339  

Week 2: Poverty Traps  

-          Bandiera, Oriana, Robin Burgess, Narayan Das, Selim Gulesci, Imran Rasul, and Munshi Sulaiman. 2017: Labor Markets and Poverty in Village Economies, Quarterly Journal of Economics 132(2): 811-870 *

-          Balboni, Clare, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak and Anton Heil. 2019: Why do people stay poor?, Quarterly Journal of Economics 137(2): 785-844

-          Banerjee, Abhijit, Esther Duflo, Nathanael Goldberg, Dean Karlan, Robert Osei, William Parienté, Jeremy Shapiro, Bram Thuysbaert, and Christopher Udry. (2015.c): A multifaceted program causes lasting progress for the very poor: Evidence from six countries, Science348 (6236): 772

-          Kraay, Art, and David McKenzie. 2014: Do Poverty Traps Exist? Assessing the Evidence, Journal of Economic Perspectives 28 (3): 127-148

-          Haushofer, Johannes. 2019: Is there a Psychological Poverty Trap?, Working Paper, Stockholm University

-          Rodrik, Dani. 2013: Unconditional Convergence in Manufacturing, Quarterly Journal of Economics 128 (1): 165-204  

Week 3: Microfinance  

-          DeMel, Suresh, David McKenzie, and Christopher Woodruff. 2008: Returns to Capital in Microentreprises: Evidence from a Field Experiment, Quarterly Journal of Economics 123 (4): 1329-1372

-          Keniston, Daniel. 2011: Experimental vs. Structural Estimates of the Return to Capital in Microentreprises, Working Paper, Yale

-          Banerjee, Abhijit, Esther Duflo, Rachel Glennester, and Cynthia Kinnan. 2015: The Miracle of Microfinance? Evidence from a Randomized Evaluation, AEJ: Applied Economics 7 (1): 22-53 *

-          Banerjee, Abhijit., Dean Karlan, and Jonathan Zinman. 2015.b: Six randomized evaluations of microcredit: Introduction and further steps, AEJ: Applied Economics. 7 (1): 1–21

-          Meager, Rachel. 2019: Understanding the Average Impact of Microcredit Expansions: A Bayesian Hierarchical Analysis of Seven Randomized Experiments, AEJ: Applied Economics 11 (1): 57-91

-          Meager, Rachel. 2020: Aggregating Distributional Treatment Effects: A Bayesian Hierarchical Analysis of the Microcredit Literature, American Econ.Rev. (forthcoming)

-          Breza, Emily, and Cynthia Kinnan. 2021: Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis, Quarterly Journal of Economics 136 (3): 1447-1497  

Week 4: Credit Markets and Property Rights.  

-          Karlan, Dean, and Jonathan Zinman. 2009: Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment, Econometrica 77 (6): 1993-2008 *

-          Bryan, Gharad, Dean Karlan, and Jonathan Zinman. 2015: Referrals: Peer Screening and Enforcement in a Consumer Credit Field Experiment, AEJ: Microeconomics 7 (3): 174-204

-          Gine, Xavier, and Dean Karlan. 2014: Group versus individual liability: Short and long term evidence from Philippine microcredit lending groups, Journal of Development Economics 107: 65-83 *

-          Cramer, Kim Fe. 2022: Bank Presence and Health, Working Paper, LSE

-          Dupas, Pascaline, and Jonathan Robinson. 2013: Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya. American Economic Journal: Applied Economics, 5 (1): 163-92.

-          Afzal, Uzma, Giovanna d’Adda, Marcel Fafchamps, Simon Quinn, and Farah Said. 2018: Two Sides of the Same Rupee?  Comparing Demand for Microcredit and Microsaving in a Framed Field Experiment in Rural Pakistan, Economic Journal 128 (614): 2161-2190

-          Haushofer, Johannes, Matthieu Chemin, Chaning Jang, and Justin Abraham. 2020: Economic and Psychological Effects of Health Insurance and Cash Transfers: Evidence from a Randomized Experiment in Kenya, Journal of Development Economics 144 (R)

-          Augsburg, Britta, Ralph De Haas, Heike Harmgart, and Costas Meghir. 2015. “The Impacts of Microcredit: Evidence from Bosnia and Herzegovina.” AEJ: Applied Economics 7 (1): 183–203. (R)

-          Field, Erica, Rohini Pande, John Papp, and Natalia Rigol. 2013: Does the classic microfinance model discourage entrepreneurship among the poor? Experimental evidence from India”, AEJ: Applied Economics. 103 (6): 2196–2226 (R)

-          Karlan, Dean, Robert Osei, Isaac Osei-Akoto, and Chrostopher Udry. 2014: Agricultural Decisions after Relaxing Credit and Risk Constraints, Quarterly Journal of Economics 129 (2): 597-652 (R)

-          Banerjee, Abhijit, and Esther Duflo. 2014: Do Firms Want to Borrow More? Testing Credit Constraints, Review of Economic Studies 81 (2): 572-607  (R)  

Week 5: Education  

-          Muralidharan, Khartik. 2017: Field Experiments in Education in Developing Countries, in Handbook of Field Experiments Vol 2, Eds. A. Banerjee and E. Duflo, Elsevier

-          Duflo, Esther. 2001: Schooling and Labor Market Consequences School Construction in Indonesia, American Economic Review 91 (4): 795-813 *

-          Prashant Bharadwaj, Leah K Lakdawala, Nicholas Li 2020: Perverse Consequences of Well Intentioned Regulation: Evidence from India’s Child Labor Ban, Journal of the European Economic Association 18 (3): 1158–1195 *

-          Romero, Mauricio, Justin Sandefur, and Wayne Aaron Sandholtz. 2020: Outsourcing Education: Experimental Evidence from Liberia. American Economic Review 110(2): 364-400

-          Heath, Rachel, and A. Mushfiq Mobarak. 2015: Manufacturing growth and the lives of Bangladeshi women, Journal of Development Economics, 115: 1-15

-          Baird, Sarah, Craig McIntosh, and Berk Özler. 2011: Cash or Condition? Evidence from a Randomized Cash Transfer Program, Quarterly Journal of Economics 126 (4): 1709-1753. (R)

-          Macours, Karen, and M. Caridad Araujo. 2021: Education, Income and Mobility: Experimental Impacts of Childhood Exposure to Progresa after 20 Years, Working Paper, Paris School of Economics (R)

-          Duflo, Esther, Pascaline Dupas, and Michael Kremer. 2021: The Impact of Free Secondary Education: Experimental Evidence from Ghana. NBER Working Paper 28937 (R)

-          Atkin, David. 2016: Endogenous Skill Acquisition and Export Manufacturing in Mexico, American Economic Review, 106 (8): 2046-85. (R)

-          Almeida, Rita, Sarojini Hirschleifer, David McKenzie, and Cristobal Ridao-Cano. 2016: The Impact of Vocational Training for the Unemployed: Experimental Evidence from Turkey, Economic Journal, 126(597): 2115-2146. (R)

-          Muralidharan, Karthik, Abhijeet Singh, and Alejandro J. Ganimian. 2019: Disrupting Education? Experimental Evidence on Technology-Aided Instruction in India, American Economic Review 109 (4): 1426-1460. (R)  

Week 6: Health  

-          Dupas, Pascaline, and Edward Miguel. 2017: Impacts and Determinants of Health Levels in Low-Income Countries, in Handbook of Field Experiments Vol 2, Eds. A. Banerjee and E. Duflo, Elsevier

-          Kremer, Michael, and Edward Miguel. 2004: Worms: Identifying Impacts on Education and Health in the Presence of Treatment Externalities, Econometrica 72 (1), 159-217

-          B